Stop will execute if the daily candle closes below 10 000 $. For now we are in position.

Added position by 10 400$ . Very strong reversal pattern for now

In the continuation of the trade. If your entry was speculative, we recommend closing 50% of the position at current price $ 11,300$

Partially the position was closed in a small profit, the rest was closed with a loss. Bitcoin accumulates more money than alts

🔔 Exchange: Binance (margin)🔔
#BTC/USDT
Signal Type: short term
Trade Type trade: short position

Range open trade: 11500 - 11900

Ammount: 10% from deposit

Target:
1) 10900
2) 10400

Stop area: above 12500

📍Current BTC update:📍

✅ Bitcoin: at present Bitcoin is reaching the new local lows as opposed to the previous ones of $ 10,300, having hit the highest point of $ 13,970 this year in Binance. The chart looks formidable, and it feels like the price is about to slump further. But, in fact, such points are most likely to be turning. By the way, the same situation already happened to Bitcoin in the fall of 2017. The price then fell from $ 7,762 to $ 5361. Next, the strong reversal followed with the subsequent breakthrough of the highs and the drastic rise of the price. Now everything happens again, and we have to wait for the local reversal signal. It is worth buying at these prices, gradually adding to the position.

If this is a speculative trade, then the stop will be a consolidation price below $ 10,000 on the daily chart. However, in mid- and long-term, we recommend increasing the position. Many people expect good prices at $ 9,000 - $ 8,000 and below. However, we doubt that the market will give a chance to buy at such prices. Bitcoin's daily chart is still strong. What will change our position? If Bitcoin rebounds, then shows a good pattern for buy and cuts it.

✅ Altcoins: at the current moment the top 5 altcoins are moving along with Bitcoin. Consequently, we believe that current prices are also attractive for opening positions. As regards speculative positions, we will give more accurate entry points through specific signals.

As for the rest of the altcoin market, it is extremely weak and it's not worth waiting for the altcoin season due to Bitcoin's growth potential being big enough.

Bitcoin's domination decreased from the maximum mark of 64% to 61%. This is partly caused by the redistribution of risk and the expectation of a part of market participants of the alts pump. This is also linked to technical corrections of the falling altcoins charts, which does not mean that these prices are good for purchase. You need to buy strong altcoins. And sell weak ones, which account for 98% of all at the moment.

✅First target $ 10 900$ has been reached!

📍Current BTC update:📍

✅Bitcoin. We have virtually got into the local trend and have been able to predict the upward price movement since the last update. However, at the current stage, Bitcoin is not acting as we expected. The price, having bounced from $ 9,720 in binance, rose sharply to $ 10,600. It was a good signal for local reversal and price increase. However, it is still too early to globally talk about growth. The nature of trading is that the price is always moved by someone, namely, by a strong buyer or seller.

The price very often shows false local movements in order to accumulate a more serious position and move on. Bitcoin's chart globally looks good for continued growth, but locally, it is still likely to go down. We will not guess as this is a bad job. The breakthrough of the local resistance of $ 10,800 - $ 10,600 will signalize a further decline, up to the breakthrough of the lowest levels of $ 10,000 and $ 9,720. However, in our opinion, this is not a signal to open a short (short-trading slang) position, but, on the contrary, a signal to start searching for a good reversal point, since there will be maximum liquidity.

Many market participants' stops, especially the margin ones, are located exactly there. After hitting stops, the price might easily reverse and go up. The second scenario for buying or adding a position is Bitcoin's crossing the mark of $ 12,300.

This is due to the fact that the seller has almost unloaded his position, and if the price goes up, then the buyer has no reason to lower the quotes. The extra passengers on this train are useless to him, and he will force investors to catch up with the departed train and buy then at 13,000-14,000 dollars and even higher.

✅ Altcoins: Without changes. Everything is very weak.
Bitcoin's dominance is still above 60%, and this is an alarm signal for altcoins.

A little later, we will write an article about why we believe that the altcoin season will not start yet and what is needed for its trigger.

🔔 Exchange: Binance 🔔
#ETH/USDT
Signal Type: long term
Trade Type trade: long position

Range open trade: 280 - 320

Ammount: 10% from deposit

Target:
1) 360
2) 390
3) 410
Stop area: below 260

Still in the short position

Сovered the whole position. Result - profit + 56%.

Rest position covered by stop loss.

🔔 Exchange: Binance 🔔
#BTC/USDT
Signal Type: long term
Trade Type trade: long position

Range open trade: 12450 - 12600

Ammount: 30% from deposit

Target:
1) 13600
2) 15600

Stop area: below 11500

📍Current BTC update:📍

✅Bitcoin. Since the last review there have been significant changes in the situation. As we expected, one of the scenarios took place according to which Bitcoin breaks through the mark of 12 300$. The further strong movement did not take long to occur. What does it say about? We can very well claim that the price will no longer fall below the level of 12 000$.

After the price fell into correction and traded below the level of 10 000$ for a while, there was a good buy, and the price was pushed upward. The further price shortly showed signs of a new correction, but then there was a slow turning-point. A good seller was most likely absent. Also, it is obvious to us that the buyer did not plan on lowering prices to the attractive levels of 8 000 - 9 000 dollars which are awaited by the crowd in the market.

We will show a more detailed picture on the chart. Those who use our signals had to open their position at the end of the correction at 10 500 $. We recommend adding the second part of the position at the current marks, and the final part might be added at a new maximum. For those who did not take advantage of the current level signal, that is also a good entry point. In any case the price signals to go higher and try to take the highs. It is not worth waiting for good prices, otherwise you risk missing a good point now.

You probably saw a sharp price decrease by 550 dollars for 5 minutes. That locally hit buyers’ stops playing with margin, but nothing globally changed. This is why we do not recommend the inexperienced to trade on margin and believe that a safer trading is a long-term timeframe. One member of the market defiantly sold 7 350 bitcoins.

What does it say about? In fact, it says about nothing. You have to look at the global picture, and one intraday movement, in reality, changes nothing. Just to scare the crowd. However, an alarm signal will be a gradual price fall below 11 500 $. Meanwhile, it is OK if the price breaks through 12 000 $ briefly, 11 500 $ will be a very dangerous point for buyers.

✅ Altcoins: Everything is quite sad. It is clear that the rise of Bitcoin mainly results from the capital transfer from altcoins at the current marks.

If we look at the charts of altcoin-dollar ratio, they all are still, but the charts of altcoin- bitcoin ratio show a strong transfer. Even top 5 altcoins are very weak . We continue to assume that there will be an increase in capital inflows from altcoins into Bitcoin.

So, there is no point even trying to buy that what may fall by 50%, and then by 50% more and then grow by 30%. Mathematically, such a trading will be loss-making in a long run.

The domination of Bitcoin is almost 64%, and we do not see the limit.

It is currently obvious to us that the major market participants did not let the price drop onto more attractive levels for the crowd. So, it will test the highs.

If you opened position near 12 200$ it is good time to cover partially

📍Current BTC update:📍

✅Bitcoin. Just the day before yesterday, everything was so bright, and the price of Bitcoin reached the mark of 13 000$, but we saw a strong fall practically for two days. There was an increase in volatility, which is not very good in general. It is much better when there is a gradual growth of prices. In our opinion, the serious redistribution of capital takes place. The price got into the zone of unloading or intermediate consolidation. And, we will learn very soon what is actually happening.

Trading is work with risks and probabilities. When opening a position, we have to understand the probability of our being right in the future? If it is more than 50%, then the position entry is justified under condition of the risk being equal to the profit. In long term perspective, investments are always reasonable as you risk just 100% of capital, and not even always. In order to lose everything, the asset must cost zero, which is unlikely a priori. However, the profit may be unlimited. As concerns trading, we adhere to the belief that either side movement will be strong. And, what matters is being on the right side. If we see that the situation changes, we accept the loss and exit the market.

If we see that new entry signals turn up, we open a position. The secret of successful trading consists in the fact that we lose a little by exiting a position through stop loss, and we try to hold a profitable position as long as possible. Trading is a distance. If you have a lot of trades with little losses and big profits, then it will just be enough for you to be right in 30% of your trades. You will make money anyway.
Let us get back to Bitcoin. The situation has changed again over two days. In the previous overview, we did not indicate the price of 11 500$ for nothing. Starting from that price, Bitcoin has risen to 13 000$. The rollback to this point might mean that the seller is much stronger that the buyer. The move of 2000 dollars is sufficiently sizeable and expected correction, but not its full absorption. In other words, it looks as if there is a strong buyer that decided to push the price further after the end of the correction. But here appears the seller determined to turn the price to the initial point of growth.

Usually, when there is a full absorption of the price, the movement continues. In this case we anticipate the end of a trading day. If the price closes below 11 50$, then it is most likely to go even lower. It is never worth hoping in the market that you are right. You need to act relying upon facts. The next key levels are 10 800$ and 10 550$. Our tactics: as we got into the strong fight of sellers and buyers, it is not worth getting involved in that thing and it is a good idea to bide your time. It is not still clear from the daily chart if we are going to rise or fall. We will wait for the clearer picture.

What we noticed is that this very fall was accompanied by large volumes, which is not very positive. However, there is a positive aspect. Usually, the seller first lets the price show new highs in order to unload his position. The crowd loves buying there. Well, then the seller waits for the price’s fall. Everything here happens within the inner correction. What that is will shortly be written in the article. The stop is defined at the current moment and we have just to wait.

✅ Altcoins: With Bictoin’s fall, all the altcoins slumped even more strongly. Let us pull the stops. The market of alcoins is weak as never.

The dominance of Bitcoin keeps on rising, which does not change the picture of the previous overview. In our view, the key developments for the Bitcoin’s price are unfolding. Their outcome will show the further direction. The current pattern is similar to the one set near the mark of 20 000$.

Be very careful and do not play on the market. Only cold judgment and the absence of emotions will help you take a right decision. Bear in mind that there cannot be an infinite growth, and the unlimited faith in the rise allows buyers to close profitable positions at your expense as since the start of the year, Bitcoin has soared more than by 300%. It is a good profit, isn’t it?

Out from all long positions and stay away for a some time. Correction of the market is continuing.

Added another 10% to the position by 10 700$